Nedra: Summed up the Results of the First Year of Work

A joint venture between IKS Holding and Gazprom Neft, Nedra, went into profit and saw growth in other financial and operational indicators.

Nedra, a digital transformation company for the oil and gas industry, has summed up the results of 2020, noting growth in a number of key areas:

• The total number of personnel has reached 174 people, most of whom are project managers, business analysts and programmers working with technologies such as Java, JavaScript, Python;
• Competence centers for technical areas have been formed, including Java, Pyton, C #, ML and others;
• The first and key competence is defined – E&P Upstream. More work is being done in exploration and production;
• The company has become part of one of the directions of the technology consortium The Open Group – Open Subsurface Data Universe (OSDU) – and is ready to carry out design and consulting work in this area, relying on international industrial standards;
• During the first year of operation, the company managed to reach the level of business profitability.

“ Nedra has achieved great results in its first year of operation ,” says Eduard Ashrafian , CEO of Nedra . – Within a short period of time, a unique expertise in the development of solutions for digital transformation was formed within the enterprise, the main production and service business processes were introduced. Some of the implemented projects have been prepared for production, and we are negotiating the first implementations with potential clients both in Russia and in neighboring countries. In addition, our young company managed to break even in the first year, showing profit . “

Nedra specializes in the development and implementation of solutions for digitalization of the oil and gas industry using Industry 4.0 technologies. The company’s projects are related to the automation of geological exploration and oil production, they use neural networks and machine learning technologies.

The creation of the company was announced in December 2019. The project is being implemented with the support of Nexign (part of IKS Holding), with which the team of the joint venture built a CI / CD (Continuous Integration / Continuous Delivery) pipeline, organized a modern process of flexible project development management and began active work on new solutions.

Now the company’s portfolio includes more than two dozen projects. The largest and most notable of them are the industrial data management platform based on OSDU standards and the video analytics platform.

Nedra joined the OSDU Forum (Open Subsurface Data Universe Standards Forum) consortium, which develops industry standards for data management for subsoil companies. This will help prepare Nedra solutions for global market launch.

The Nedra team makes significant efforts to form the HR brand and corporate culture. Work is underway with universities, there is an internship program for young specialists. Eleven students from specialized institutions receive their first work experience at Nedra.

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Nedra ( https://nedra.digital/ ) is a joint venture between IKS Holding and Gazprom Neft, formed in 2019. Nedra assists in the digital transformation of the oil and gas industry in Russia and worldwide.

The company develops and implements modern technological products that are necessary to automate processes in the fields of geological exploration, drilling, oil production and logistics. Nedra’s goal is to enable companies to build business processes based on data and AI models. You can learn more about Nedra’s competencies and solutions on the company’s website.

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PJSC Gazprom Neft ( https://www.gazprom-neft.ru/ ) is a vertically integrated oil company. The main activities are exploration and development of oil and gas fields, oil refining, production and marketing of oil products. The structure of Gazprom Neft includes more than 70 oil producing, refining and marketing enterprises in Russia, CIS and non-CIS countries.

As of December 31, 2020, Gazprom Neft’s total hydrocarbon reserves (including the share in joint ventures) of the proven and probable categories (proved + probable – 2P) of the international standard SPE-PRMS amounted to 3.9 billion tonnes of oil equivalent. NS. The sufficiency of the company’s production with hydrocarbons has reached 22 years. In terms of hydrocarbon production, Gazprom Neft is one of the three largest companies in Russia.

Gazprom Neft operates in the largest Russian oil and gas regions: Khanty-Mansiysk and Yamalo-Nenets Autonomous Okrugs, Tomsk, Omsk, Orenburg Regions, and the Republic of Sakha. In addition, Gazprom Neft implements production projects outside of Russia: in Serbia, Iraq, Venezuela and other countries.

At the end of 2020, Gazprom Neft’s net profit amounted to RUB 117.7 billion. Despite high market volatility and a sharp deterioration in market conditions, the company demonstrated consistent growth in net income from Q2 to Q4. Adjusted EBITDA amounted to RUB 485.2 billion.

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IKS Holding ( https://x-holding.ru/ ) is a diversified IT group that holds leading positions in the technology and IT services development market. The holding is the largest IT provider for telecom operators and one of the fastest growing IT holdings in the Russian market, is included in the TOP-3 leading IT developers in Russia, in the TOP-10 largest IT companies in the country, TOP-10 equipment suppliers for the industrial sector and TOP-25 most effective Russian IT companies. The Holding manages more than 30 companies, united into five subholdings: YADRO, Nexign, Citadel, Kryptonite and Outpost. The Holding also manages several joint ventures, including Nedra, IT education and KorClass.

The priority areas of activity of IKS Holding companies are digital transformation of large enterprises, information security, development of data storage systems, cryptography and quantum computing, machine learning and neural networks, blockchain technologies and artificial intelligence. The geography of the group’s business covers all regions of Russia and a number of countries of the near and far abroad.

Over 6,000 employees work in the IKS Holding companies. More than 120 global projects have been implemented in Russia and abroad, more than 1000 clients of the Holding work in 20 countries of the world. The total revenue of the Holding companies in 2020 amounted to 88.5 billion rubles. IKS Holding’s partner network includes over 50 large enterprises in Russia and abroad.

On September 15, 2020 IKS Holding became part of USEM Telecom.